Common use of Financial Attributes of Non-Wholly Owned Subsidiaries Clause in Contracts

Financial Attributes of Non-Wholly Owned Subsidiaries. Notwithstanding anything to the contrary contained herein, when determining the Parent’s compliance with any financial covenant contained in any of the Loan Documents, only the Parent’s Share of an Unconsolidated Affiliate or a Consolidated Subsidiary shall be included.

Appears in 15 contracts

Sources: Revolving Credit Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.)

Financial Attributes of Non-Wholly Owned Subsidiaries. Notwithstanding anything to the contrary contained herein, when When determining the Parent’s or the Borrower’s compliance with any financial covenant contained in any of the Loan Documents, only the Parent’s Share or the Borrower’s, respectively, pro rata share of an Unconsolidated Affiliate or the financial attributes of a Consolidated Subsidiary that is not a Wholly Owned Subsidiary (other than the Borrower) shall be included.

Appears in 12 contracts

Sources: Credit Agreement (Corporate Office Properties Trust), Term Loan Agreement (Corporate Office Properties, L.P.), Term Loan Agreement (Corporate Office Properties, L.P.)

Financial Attributes of Non-Wholly Owned Subsidiaries. Notwithstanding anything to the contrary contained herein, when determining the Parent’s 's compliance with any financial covenant contained in any of the Loan Documents, only the Parent’s 's Share of an Unconsolidated Affiliate or a Consolidated Subsidiary shall be included.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.)

Financial Attributes of Non-Wholly Owned Subsidiaries. Notwithstanding anything to the contrary contained herein, when When determining the Parent’s compliance with any financial covenant contained in any of the Loan Documents, only the Parent’s Share pro rata share of an Unconsolidated Affiliate or the financial attributes of a Consolidated Subsidiary that is not a Wholly Owned Subsidiary shall be included.

Appears in 1 contract

Sources: Credit Agreement (Ashford Hospitality Trust Inc)